Factsheet

Best in class Conformation of Payee solution

SurePay Confirmation of Payee ‘s matching algorithm combines cutting-edge data science techniques with profound knowledge of transactions and payer’s behavior to help prevent fraud and mistakes whilst facilitating Straight Through Processing. The SurePay algorithm is specifically designed for Confirmation of Payee from scratch. Every check should be accurate to avoid false positives or false negatives. It looks quite simple but it's quite complex for example Elisabeth is a match with Betty, but also we take into account initials, joint account, abbreviations, truncations, out of order and many other human inconsistencies.